BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 45,899 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,549,930 shares of the company's stock after selling 45,899 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.77% of Triple Flag Precious Metals worth $23,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFPM. Farther Finance Advisors LLC grew its position in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after acquiring an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth about $134,000. Drive Wealth Management LLC bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth about $175,000. Finally, XTX Topco Ltd boosted its holdings in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Up 3.1%

NYSE TFPM traded up $0.66 during trading on Friday, reaching $21.79. The company's stock had a trading volume of 612,251 shares, compared to its average volume of 315,517. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -198.05, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $22.96. The firm has a 50 day moving average price of $20.42 and a 200 day moving average price of $17.82.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. On average, equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Analysts Set New Price Targets

TFPM has been the subject of several research analyst reports. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.